Tortoise AI Infrastructure ETF (NYSE:TCAI) Sees Large Drop in Short Interest

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,549 shares, a drop of 48.4% from the June 30th total of 3,002 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 90,798 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Tortoise AI Infrastructure ETF

Hedge funds have recently added to or reduced their stakes in the business. Hollencrest Capital Management grew its holdings in Tortoise AI Infrastructure ETF by 272.5% in the 1st quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock valued at $80,000 after buying an additional 1,692 shares during the last quarter. Sterneck Capital Management LLC lifted its holdings in shares of Tortoise AI Infrastructure ETF by 2.8% during the first quarter. Sterneck Capital Management LLC now owns 122,943 shares of the company’s stock worth $4,259,000 after buying an additional 3,329 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Tortoise AI Infrastructure ETF by 5.9% in the first quarter. Parallel Advisors LLC now owns 64,529 shares of the company’s stock valued at $2,235,000 after acquiring an additional 3,578 shares during the period. Sandy Cove Advisors LLC acquired a new stake in shares of Tortoise AI Infrastructure ETF in the second quarter worth $280,000. Finally, GM Advisory Group LLC acquired a new stake in shares of Tortoise AI Infrastructure ETF in the first quarter worth $273,000.

Tortoise AI Infrastructure ETF Price Performance

Tortoise AI Infrastructure ETF stock traded up $4.80 on Thursday, reaching $46.29. 91,146 shares of the stock were exchanged, compared to its average volume of 89,175. Tortoise AI Infrastructure ETF has a twelve month low of $24.45 and a twelve month high of $58.63. The company’s fifty day moving average is $51.70.

The Tortoise AI Infrastructure ETF (NYSE: TCAI) is an exchange-traded fund that provides investors with targeted exposure to companies involved in the infrastructure that enables artificial intelligence. The fund aims to capture businesses that contribute to AI development, deployment and operations rather than focusing on consumer-facing applications of AI. It is listed on the New York Stock Exchange under the ticker TCAI.

Holdings in the fund typically span a range of sectors that support AI workloads, including semiconductor and chip manufacturers, data center operators, cloud and infrastructure service providers, networking and storage vendors, and software firms that deliver AI development tools and platforms.